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Missouri Long Term Care Insurance: Overview

Medicare Supplemental & Long Term Care Insurance

Updated on Jun 20, 2013

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Missouri long term care insurance helps pays for Missouri long term care costs including nursing home stays, caregiver fees, home health aides, and therapists. Policies for long term care insurance Missouri also cover costs for home modifications needed by a patient. For example, if the patient is on a wheelchair, he might need to have wider hallways or additional ramps at home for his convenience. A good LTC plan can cover these renovation expenses, too.

Overall, this private long term care coverage is an important financial protection that most residents in Missouri need to address their possible long term care needs in the future. Currently the elderly population totals to about 86,000 residents who often have some form of chronic disease or physical impairment on their hands. Due to these disabilities and illnesses, the demand for long term care services is on the continuous rise.

Statistics show that Missouri’s nursing facilities has a 74 percent occupancy rate, and that they rank 5th in the number of nursing facility beds in the country. That certainly is enough proof that a lot of residents require long term care services and close medical attention. As the number of long term care patients, both those who are receiving care in a facility and at home, continue to increase, so will the number of families in Missouri who worry about where to get the funds to afford quality care.

Long Term Care Costs in Missouri

Below is a table comparing the costs of long term care services in Missouri. Though the figures are still quite cheaper compared to other states like New York and California, average income earners in Missouri already feel the need to find ways how to financially prepare themselves in the event of a long term care situation.

In general, the cost of care will still depend on the type of care the patient needs. For example, if the patient is still quite independent and can stay at home without close medical attention from professional healthcare workers, then the cost of care will significantly be lower than for someone who needs to stay in a nursing home due to a serious medical condition.
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